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Credit Suisse’s Surprise Chairman Exit Leaves Its Bankers Unfazed

  • CEO Gottstein seen back in saddle after Horta-Osorio resigns
  • New chairman signals he’s opposed to selling Credit Suisse
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Credit Suisse Group Appoints Axel P. Lehmann as New Chairman
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The mood at Credit Suisse Group AG’s town hall on Monday, hours after its chairman quit in the bank’s latest drama, was described by some attendees as almost one of relief.

Chief Executive Officer Thomas Gottstein was upbeat as he addressed staff about the future of Switzerland’s No. 2 bank. For the past nine months, the CEO had sometimes appeared a bystander as Antonio Horta-Osorio, a turnaround expert known for his hands-on attitude, vowed to restore confidence in a lender damaged by years of scandals and steep losses.